Plans for a race in Vietnam were first explored by former Formula One CEO
Bernie Ecclestone, who abandoned the idea as there were already four races in East Asia at the time (the
Malaysian,
Singapore,
Chinese and
Japanese Grands Prix). Ecclestone also acknowledged that the failure of the
Korean and
Indian Grands Prix left him doubtful of the long-term viability of a race in Vietnam. The idea was revived after
Liberty Media purchased the commercial rights to the sport from
CVC Capital Partners in January 2017. The Vietnamese Grand Prix was announced in November 2018, becoming the first new race under Liberty Media's ownership. The race would join the existing Grand Prix held in
Southeast Asia, the
Singapore Grand Prix. The inaugural Vietnamese Grand Prix was initially scheduled to be held on 5 April 2020 as part of a multi-year contract during the Formula One season, but was then postponed and later cancelled due to the
COVID-19 pandemic. , the race has not taken place. No official announcement has been made on whether the Vietnamese Grand Prix would debut. ==Circuit==